The world economy is facing “one of the worst energy crises in history” that could send oil prices soaring above $US150 a barrel, a leading analyst has warned, as the New South Wales premier announced the state was working to avoid fuel shortages at major hospitals.
Amid growing community concern that the country would run out of fuel because of the escalating Middle East conflict, the Albanese government on Thursday announced a plan to inject millions of litres of additional petrol into supply chains.
